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To: Dr. Sivana

Because the CitiBank line-of-credit load was reported by Cruz to the Senate without identifying the collateral. FEC rules forbid unsecured loans because they can be used to launder contributions in excess of the Federal limits.

As for the Goldman Sacks loan, it is not clear whether or not this was a joint account with his wife, Heidi. If it was a joint account, or worse, if it was her account, then Heidi violated the FEC limits on contributions.

So all in all, this is a big deal.


19 posted on 02/03/2016 2:38:05 PM PST by SubMareener (Save us from Quarterly Freepathons! Become a MONTHLY DONOR!)
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To: SubMareener
so all and all it is a very big deal

A Goldman-Sachs banker and the smartest lawyer there is can't get away with saying they didn't know the rules.

40 posted on 02/03/2016 2:50:12 PM PST by grania
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To: SubMareener

CRUZ LOANED HIMSELF THE MONEY .. FROM HIS OWN ACCOUNTS.

There is nothing irregular about it.


77 posted on 02/03/2016 3:03:47 PM PST by CyberAnt ("The Fields are White Unto Harvest")
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To: SubMareener

If the loan was for the wife— wouldn’t it become marital property and thus would enable Cruz to use it?


100 posted on 02/03/2016 3:16:56 PM PST by freespirit2012
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To: SubMareener

Sachs was a margin loan on their joint account, as I understand it. With a margin loan there is no timeline in repayment.


215 posted on 02/04/2016 8:07:30 AM PST by Lagmeister ( false prophets shall rise, and shall show signs and wonders Mark 13:22)
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